Oireachtas Joint and Select Committees

Wednesday, 30 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland

1:25 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

Can Professor Honohan see how that hands-off approach can result in inequities among individual customers? The institution one is with can be the difference between keeping one's home and not keeping it. If one bank is prepared to write off part of a mortgage to make it sustainable and another is not prepared to countenance that under any circumstances, there could not be two more radically different outcomes. It could mean the difference between keeping one's home and not keeping it. The Governor seems to be satisfied for that to continue.